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Tag: Vincent Mariel P. Galang

DA granted P78 million in emergency funds for ASF containment

THE government has approved P78 million in emergency funding for the Department of Agriculture’s (DA) African Swine Fever (ASF) containment efforts.

Puerto Princesa City to stage investment forum in Manila

THE Puerto Princesa city government and the United States Agency for International Development (USAID) are organizing an investment forum in Manila on Sept. 25 to promote business opportunities in the Palawan capital.

Senate backs funding for DAR land distribution

THE Senate Finance Committee approved Wednesday the P8.426-billion budget of the Department of Agrarian Reform (DAR) for 2020, with the department also seeking additional funding to help achieve its 2022 goal of land acquisition and distribution.

BFAR sees aquaculture making up for weakness in ocean fishery

THE Bureau of Fisheries and Aquatic Resources (BFAR) said the fisheries industry’s performance in the third quarter will be “fair to good,” with the aquaculture sector expected to take up any slack should ocean fisheries show any weakness.

World Bank releases $280 million for PRDP

THE Department of Agriculture (DA) has obtained $280-million worth of funding from the World Bank to implement the Philippine Rural Development Project (PRDP).

High-grade nickel ore key to filling Indonesia market gap — MGB

THE nickel industry’s ability to supply high-grade products will be key to exploiting the market opportunity resulting from Indonesia’s nickel ore export ban, the mining regulator said.

Heritage advocates urge brake on reclamation, focus on redeveloping older communities

THE rush to reclaim land represents a failure to nurture vibrant communities in older and often historic parts of the Manila Bay area, heritage and conservation advocates said.

Pig farmers warned not to dump dead animals in rivers

THE government has not yet identified the farmers who dumped dead pigs found in a major Metro Manila river but warned hog raisers that disposing of dead animals in waterways is illegal and facilitates the spread of diseases like African Swine Fever (ASF).

Six sites recommended for use by small miners

THE mining regulator has identified six potential areas suitable for small-scale miners and expects final approval of the sites by the end of the year.

Philex targets to finalize list of Silangan investors by yearend

PHILEX Mining Corp. hopes to finalize its list of possible investors for its Silangan mine by December, from whom it will source 40% of its initial investment for the site.

Farmers complain release of NFA stocks will depress prices

FARMERS said the government’s plan to release imported palay into the market threatens to weaken prices further for palay, or unmilled rice, the form in which they sell their produce to traders.

Distributor seeking to expand use of rice combine harvester

ALL CERTIFIED Equipment Trading Corp. (ACETC), a supplier of farming equipment, said it is targeting more rice-producing provinces to grow the market for its rice combine harvester.

Vietnam-sized outbreak seen as ASF worst-case scenario

THE “worst-case scenario” for the Philippines’ African Swine Fever (ASF) outbreak is one as serious as Vietnam’s, which has crippled that country’s livestock industry, analysts said.

PHL nickel miners hopeful of better ore prices

NICKEL miners in the country may expect improved prices for ore in the near term as Indonesia sets an exporting ban for the mineral next year.

Gov’t approves additional P1B for rice farmers’ loan program

THE Agricultural Credit Policy Council (ACPC) has approved an additional P1 billion for the Survival and Recovery Assistance Program (SURE Aid), expanding its assistance to 70,000 farmers affected by the plunging price of palay, or unmilled rice.

NFA hikes buying price, releases imported rice

THE Department of Agriculture (DA) said Thursday that the National Food Authority (NFA) will increase the buying price for palay, or unmilled rice, to P19 from P17 while also removing add-on incentive payments under the old scheme.

Call for better policies marks mining summit

A BETTER POLICY ENVIRONMENT is needed to help the mining sector achieve its potentials, experts said in annual industry summit on Wednesday.

MGB recommends lifting suspension of 2 mines

THE suspension of mining operations of two companies may soon be lifted, according to an official of the Department of Environment and Natural Resources (DENR).

Rice inventory up over 40% year-on-year ahead of harvest

THE national rice inventory was estimated at 2.133 million metric tons (MMT) as of Aug. 1, up 40.3% from a year earlier, but down 18.7% month-on-month, the Philippine Statistics Authority (PSA) said.

African Swine Fever outbreak confirmed

THE DEPARTMENT of Agriculture (DA) on Monday confirmed the first outbreak of African Swine Fever (ASF) in the Philippines, adding that quarantine measures have been tightened to prevent the spread of the virus.

Sugar output declines in end-August as demand falls

PHILIPPINE sugar production fell by 0.47% at the end of the crop year in August as demand fell, according to the Sugar Regulatory Administration (SRA).

Gasoline, diesel prices decrease for 3rd week

OIL COMPANIES are cutting prices of gasoline and diesel products for the third straight week, along with kerosene which went up last week.

Stocks climb on stimulus hopes amid weak data

LOCAL SHARES ended higher on Monday despite weak economic data from China, which showed a contraction in exports in August as an effect of its trade dispute with the United States.

Farmers call for limits to rice imports, hike in NFA buffer...

A FARMERS’ association pressed the government to regulate rice imports more closely to allow domestic farmers and traders to dispose of their inventory particularly during the current harvest, and called for an increase in the National Food Autority’s buffer stock minimum to support the market.

Bourse joins global cheer on hopes trade tensions will ease

LOCAL SHARES gained for the third straight day, joining Wall Street and major Asian markets in cheering easing US-China trade tensions, even as Friday’s finish was lower than a week ago.

Sugar output expected to fall 5% in current crop year

RAW SUGAR production for crop year 2019-2020 is projected at 2.096 million metric tons (MMT), or 5% lower than the estimated production for 2018-2019.

Stocks extend climb on inflation, US-China talks

LOCAL SHARES continued their recovery on Thursday on the back of slower Philippine inflation and positive developments in Hong Kong and the US-China trade war.

Nickel output growth seen ‘subdued’

PHILIPPINE production of nickel is expected to continue “modest growth” in the next few years as a negative policy environment and falling ore grade offsets the effect of mines restarting after a 2017 crackdown on environment law violations, Fitch Solutions Macro Research said in a Sept. 3 industry trend analysis e-mailed to journalists on Wednesday.

Sky targets up to 30% growth in broadband subscribers

SKY CABLE Corp., the cable television and broadband unit of ABS-CBN Corp., is targeting up to 30% growth in broadband subscribers in the next 12 months with the launch of new “fiber-fast” home internet subscription plans.

House panel studying rice safeguard measures

LEGISLATORS are considering amendments to afford a measure of protection for rice farmers suffering from weak prices for palay, or unmilled rice.

Procurement law seen hindering direct rice purchases by LGUs

LOCAL government purchases of rice directly from farmers are running into problems because of the constraints posed by government procurement rules, Senator Cynthia A. Villar said.

DTI, DENR to review regulation of steelmakers

THE Trade and Environment departments said they will seek to harmonize environmental rules to ensure the steel industry is adequately regulated with the introduction of new production methods.

With rice harvest looming, warehouse space grows scarce

STORAGE IS expected to be a bottleneck for the rice industry during the harvest this month due to significant volumes of stock accumulated from the previous harvest, which traders can only sell at a loss because prices have dropped as a result of stiff competition from cheap imports, industry officials said.

Six provinces agree to procure palay direct from farmers

AGRICULTURE Secretary William D. Dar said that six provinces have committed to buy rice from farmers during the harvest this month, including three provinces in rice country.

PAFMIL asks for extension of Turkish flour anti-dumping duty

FLOUR MILLERS are seeking for a five-year extension of the anti-dumping duty on Turkish flour due to expire in 2020.

PhilRice targets to distribute seeds for next year’s dry season by...

THE PHILIPPINE Rice Research Institute (PhilRice) is targeting the distribution of rice seeds starting October in preparation for the dry season next year.

DA taps LANDBANK to administer zero-interest loan for small rice farmers

THE Department of Agriculture (DA) and Land Bank of the Philippines (LANDBANK) signed a memorandum of agreement to extend credit to rice farmers under the Expanded Survival and Recovery Assistance program, which is known as SURE Aid.

DA studying financing plan for direct palay buyers

THE Department of Agriculture (DA) said it is considering providing low-interest financing for rice inventory purchases by entities seeking to source palay, or unmilled rice, directly from farmers.

Poultry farmers see possible shift away from pork consumption if ASF...

THE poultry industry said it expects sagging prices to be supported by any shift away from pork consumption if a still-unconfirmed disease detected in pig farms spreads beyond its current containment area.

DMCI Mining income drops 19% in 1st half

DMCI Mining Corp. reported a 19% decline in its net income in the first half, due to the lower average selling prices of nickel despite a 41% rise in shipments.

PCA looking for suitable public land to expand coconut planting

THE Philippine Coconut Authority said it is seeking suitable public land for the expanded planting of coconut trees.

Nationwide round-up

THE GOVERNMENT is set to release P187 million for response measures, including contingency and biosecurity, on the still unidentified disease that killed hogs in parts of the country.

Stocks decline on foreign selling, US-China woes

LOCAL SHARES dropped on Tuesday as investors were cautious as the US and China slapped new tariffs on each other’s goods in an escalation of ongoing trade tensions between the world’s largest economies.

Federal Land to build high-end condo in Ortigas

FEDERAL LAND, Inc. is making its first foray into Ortigas Center, as it plans to develop a high-end condominium complex.

US-China trade war escalation to weigh on shares

THE MAIN INDEX may decline further in the week, with massive foreign outflows expected due to increased trade tensions between the US and China.